Strategic Partners
Strategic Partners is a Blackstone business unit and one of the world's largest secondary fund managers, purchasing private equity LP interests and co-investments across LBO, real estate, venture capital, and infrastructure for institutional investors, family offices, and GPs since 2000.
- Company typePublic
- Founded2000
- HeadquartersNew York, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Strategic Partners does
Strategic Partners is a business unit of Blackstone Inc. (NYSE: BX) and one of the world's largest dedicated secondary fund managers, with over $100 billion of assets under management and more than 2,350 transactions completed since 2000. The firm purchases private equity limited partnership interests and co-investments across leveraged buyout, real estate, venture capital, and infrastructure assets, while also originating GP-led solutions including continuation vehicles and fund restructurings. Verdun S. Perry has led the business since founding and chairs the investment committee for each flagship fund vintage, with senior team continuity — including David J. Corey (since 2001), Joshua Blaine (since 2001), and Mark A. Bhupathi (since 2004) — supporting underwriting consistency.
Strategically, Strategic Partners operates as a horizontal platform within Blackstone that addresses two core institutional liquidity needs: providing portfolio liquidity, rebalancing, and access to private market exposure for limited partners (pension systems, endowments, foundations, sovereign wealth funds, and family offices), and providing general partners with fund restructuring, continuation vehicle, and LP liquidity solutions. Its go-to-market is enterprise, relationship-driven institutional sales executed through Blackstone's institutional Client Solutions team, with multi-year fundraising cycles and negotiated fund-by-fund economic terms with qualified LPs.
The business model follows the standard alternative asset management construct: recurring asset management fees on committed secondary fund capital, typically 1.0–1.5% annually, supplemented by performance fees and carried interest on realized investment gains. Pricing is opaque and negotiated bilaterally rather than published. Operating geography spans New York (headquarters), London (European coverage), Los Angeles (infrastructure and real assets), and San Francisco (COO operations), with investment activity spanning global markets. Strategic Partners does not disclose a separate P&L; revenue and headcount are consolidated within Blackstone Inc.
Strategic Partners firmographics
Firmographics- Name
- Strategic Partners
- Legal name
- Blackstone Inc.
- Website
- https://blackstone.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Strategic Partners is a Blackstone business unit and one of the world's largest secondary fund managers, purchasing private equity LP interests and co-investments across LBO, real estate, venture capital, and infrastructure for institutional investors, family offices, and GPs since 2000.
- Ownership category
- akta.pro rank
Strategic Partners industry classification
Industry- Product category
- Secondary Private Equity Fund Management
- NAICS
- Other Investment Pools and Funds (5259)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Venture Capital Secondaries (LP Interests & Direct Secondaries) (FSANAFAJ)
- akta.pro secondary industry
- Large-Cap / Mega-Fund Buyout (FSANABAA)
Keywords
Where Strategic Partners is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Strategic Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
Revenue model
- Asset Management Fees: Strategic Partners generates revenue through management fees charged on assets under management across its secondary fund platform, consistent with Blackstone's broader alternative asset management model.
- Performance/Incentive Fees: Secondary fund managers typically earn carried interest or performance fees based on investment returns generated for limited partner investors.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Strategic Partners product offering
Product offeringCore offering
Strategic Partners is one of the world's largest secondary fund managers with over $100 billion in assets under management. Since 2000, it has completed more than 2,350 transactions focused on the purchase of private equity limited partnership interests and co-investments in leveraged buyout, real estate, venture capital, and infrastructure assets, providing liquidity, portfolio rebalancing, and restructuring solutions to institutional investors, general partners, and family offices.
Differentiator
Problem solved
Functional benefit
Products and services
- Strategic Partners Secondary Fund Platform
- GP Stakes
Quantifiable outcome
- Over $100 billion in assets under management as a secondary fund manager
- +1 more outcomes
Companies that use Strategic Partners
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Strategic Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Strategic Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Blackstone (Parent Company)coreStrategic Partners operates as a business unit within Blackstone, one of the world's largest alternative asset managers with over $1.3 trillion in AUM. The business benefits from Blackstone's global infrastructure, institutional relationships, and capital resources.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Strategic Partners competitors and assessment
Company assessmentDirect peers
- Ardian Secondary: Ardian is a major private market investor with a sizeable secondaries platform purchasing LP stakes and running co-investment programs. Highly comparable to Strategic Partners on secondary fund scale and institutional LP focus.
- Lexington Partners: One of the largest independent secondary private equity fund managers globally. Directly comparable to Strategic Partners on secondary fund investing, LP interest purchases and GP-led continuation vehicles for institutional investors.
- Pantheon Ventures: Pantheon invests across primaries, secondaries and co-investments in PE and infrastructure. Directly comparable on secondary LP interest purchases and fund solutions for institutional clients.
- Coller Capital: Coller Capital is a pure-play secondary PE fund manager running LP-led and GP-led secondary strategies globally. Directly comparable in business model, customer base and secondary market specialization.
- StepStone Group: StepStone is a global private markets investment firm with secondary fund investing as a core pillar. A direct competitor for LP-led and GP-led secondary mandates.
- HarbourVest Partners: HarbourVest runs primary fund, secondary and co-investment programs across private equity, venture and infrastructure. A direct peer on secondary private equity fund investing and multi-strategy private market solutions.
Emerging players
- Glendower Capital: Glendower is a dedicated secondary private equity manager focused on LP portfolio purchases. An emerging but smaller peer in the same secondary market niche as Strategic Partners.
- Industry Ventures: Industry Ventures specializes in venture capital secondaries and primaries. A partial peer overlapping with Strategic Partners' VC secondaries activity within a narrower venture-focused mandate.
Broad incumbents
- ICG (Intermediate Capital Group): ICG is a large global alternative asset manager with significant secondary fund activity alongside primary and direct investment strategies. Comparable in secondary fund offerings but operates across a broader alternatives portfolio.
- Goldman Sachs Asset Management (Vintage Funds): Goldman Sachs' secondary fund franchise operates within a much broader asset management platform and competes directly for LP-led secondary mandates, particularly on large block transactions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Strategic Partners social profiles
Digital presenceStrategic Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Strategic Partners leadership team
Management profileNumber of profiles
Profiles7 records
Strategic Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Strategic Partners M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Strategic Partners
What does Strategic Partners do?
Strategic Partners is one of the world's largest secondary fund managers with over $100 billion in assets under management. Since 2000, it has completed more than 2,350 transactions focused on the purchase of private equity limited partnership interests and co-investments in leveraged buyout, real estate, venture capital, and infrastructure assets, providing liquidity, portfolio rebalancing, and restructuring solutions to institutional investors, general partners, and family offices.
Is Strategic Partners a public or private company?
Strategic Partners is a public company. It is classified as corporate owned and is currently operating.
When was Strategic Partners founded?
Strategic Partners was founded in 2000. It employs 1,001 to 5,000 people.
Where is Strategic Partners based?
Strategic Partners is headquartered in New York, United States, in the North America region.
How does Strategic Partners make money?
Two revenue lines are on record. Asset Management Fees are the primary driver. The others are performance/Incentive Fees.
Who are Strategic Partners's main competitors?
Direct peers on record are Ardian Secondary, Lexington Partners, Pantheon Ventures, Coller Capital, StepStone Group and HarbourVest Partners. Emerging players are Glendower Capital and Industry Ventures. Broad incumbents are ICG (Intermediate Capital Group) and Goldman Sachs Asset Management (Vintage Funds).
Does Strategic Partners have an API?
No public API is recorded for Strategic Partners.
What industry is Strategic Partners in?
Strategic Partners's product category is Secondary Private Equity Fund Management. Its primary akta.pro industry code is FSANAFAJ, Venture Capital Secondaries (LP Interests & Direct Secondaries), with a secondary code of FSANABAA, Large-Cap / Mega-Fund Buyout. Its NAICS code is 5259 and its SIC code is 6799.